Keller, Wolfgang; Yeaple, Stephen Ross - In: American Economic Review 103 (2013) 4, pp. 1414-44
knowledge. We model firms that can transfer bits of knowledge to their foreign affiliates in either embodied (traded … intermediates) or disembodied form (direct communication). The model shows how knowledge transfer costs can be inferred from …. Disembodied knowledge transfer costs not only make the standard multinational firm model consistent with the fact that affiliate …